Archive » January 2010 » 05 January 2010 The english news from 05 January 2010
Central bank sets January's reference interest rate at 8 pct per annum
The reference interest rate for January 2010 was set at 8 percent per annum, informs the National Bank of Romania (BNR). The formula for the calculation of the BNR reference rate is defined as the arithmetic mean (weighted by the volume of transactions) of interest rates on deposits taken by the BNR as well as reverse repo and repo transactions in the month prior to the one the release was made…
Romanian Leu Ends Up Vs Euro On Positive Intl Sentiment
On Monday, the leu closed at RON4.2170/RON4.2190, stronger from RON4.2350 on December 31. "The foreign markets are dominated by a positive sentiment, leading to the appreciation of the leu," said a dealer in a Bucharest-based bank…
State budget, new golden apple of political discord
The 2010 budget is engaging the Liberals and the Democrat Liberals to a new political game which is only going to delay adoption even more. Yesterday, after the party's National Political Bureau meeting, PNL Prime Vice-President Ludovic Orban announced that his party would vote against the budget which, according to him, is one 'of sacrifice'…